ForexTrendline

Short GOLD after the breakout!

Short
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
We've been looking for new entries on GOLD in the past several days.
We don't yet have a clear breakout signal and this move hasn't happened yet.

If price breaks below the previous low then we could look for entries based on the "Break and re-test" strategy.
If price goes to the upside then we will be looking for entries based on the "Pullback of a level" strategy.

In both cases we will be looking to sell and not to buy!

The first level at which we want to see price is 1723!

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